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January 28, 2023
Question

Can I claim payments for solar panels on my rental property as rental expenses?

  • January 28, 2023
  • 1 reply
  • 0 views
The panels were purchased prior to the home becoming a rental property.

1 reply

Critter-3
January 28, 2023

The total cost basis of the home (less the land value) is depreciated ... so you add up the purchase price + cost to buy + improvements made while you owned it (includes the solar panels) = total cost basis for depreciation